Credit Risk Oversight Specialist III

Wintrust provides community and commercial banking specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois southwestern Florida northwestern Indiana west Michigan and southern Wisconsin and commercial banking offices in Chicago Denver Milwaukee Grand Rapids Mich. and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont Illinois and listed on the NASDAQ Global Select Market under the symbol WTFC.

Why join us

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years).

• Competitive pay and discretionary or incentive bonus eligible.

• Comprehensive benefit package including medical dental vision life a 401k plan with a generous company match and tuition reimbursement to name a few

• Promote from within culture.

Why join this team

• Be part of a strong mature risk management governance framework.

• Hybrid Work Schedule Split your time working remotely and at our Corporate Headquarters in Rosemont IL or Countryside IL location.

• We foster an inclusive environment for an individual to grow and work independently.

• Opportunity to interact with management level experienced professionals - higher visibility.

• Wintrust has a great culture that comes from the top down.

• Gain experience and further your career by joining a growing organization.

Position Overview

The Credit Risk Oversight Specialist is part of the Credit Risk Oversight Team functioning as an independent second line of defense reporting to the VP Credit Risk Oversight Group Manager. The Credit Risk Oversight Specialist will conduct a systematic review of commercial small business specialty or consumer loan portfolios to determine the accuracy of risk identification in the loan portfolio as well as the adequacy of documentation administration credit quality and loan addition the Credit Risk Oversight Specialist will prepare business unit reports and other reports related to other bank wide credit risk related issues.

What Youll Do

• Participate in the overall assessment of portfolio credit quality by assessing risk rating accuracy timeliness of grade changes and appropriateness of supporting rationale.

• Ensure loan underwriting standards adhere to Wintrust policy and procedures and policy exceptions are appropriate and mitigated effectively.

• Review loan documentation collateral documentation and other credit administration and monitoring for adherence to Wintrust policy and procedure and to all relevant laws and regulations as well as alignment with credit approval.

• Manage and/or co-manage internal credit risk oversight engagements.

• Perform continuous monitoring of assigned portfolios and quarterly charter reviews.

• Work with senior management to regularly update the credit risk oversight policies and procedures.

• Ensure adversely classified assets are identified and have appropriate action plans in place.

• Effectively listen and communicate with loan officers business unit managers senior Wintrust leadership appropriate internal committees external auditors and all regulatory bodies.

Qualifications

• Bachelors degree in accounting Finance Economics or a related discipline.

• Credit professional with at least five years of commercial credit experience preferably with a background in commercial credit underwriting credit risk management or loan/credit review.

• Strong credit analytical skills and credit process knowledge.

• Knowledge of the banking industry and regulatory guidelines as they relate to credit review and credit risk management practices.

• Experience in specialty lending niches such as leveraged loans franchise lending leasing asset-based lending insurance etc.

• Successful completion of a formal credit training program preferred.

• Previous loan/credit review experience preferred.

Benefits

Medical Insurance Dental Vision Life insurance Accidental death and dismemberment Short-term and long-term Disability Insurance Parental Leave Employee Assistance Program (EAP) Traditional and Roth 401(k) with company match Flexible Spending Account (FSA) Employee Stock Purchase Plan at 5% discount Critical Illness Insurance Accident Insurance Transportation and Commuting Benefits Banking Benefits Pet Insurance

Compensation

The estimated salary range for this role is $117000-$150000 along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors such as a candidates qualifications skills and experience.

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From our first day in business Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation including community banking and financial services subsidiaries is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race color religion sex age national origin disability veteran status genetic information and other legally protected categories.